Schedule 10, Part 2, paragraph 20(3)

In paragraph 14(2) (investigations)— in paragraph (b), for “clearing house or central securities depository” substitute “person”; at the end insert— an individual may not be a fit and proper person to perform functions in relation to an activity carried on by a relevant recognised body; an individual may have performed, or agreed to perform, a function in breach of a Part 18 prohibition order; a relevant recognised body may have failed to comply with section 309F(1); a relevant recognised body may have failed to comply with section 309G(1); a person in relation to whom the Bank has given approval under section 309G may not be a fit and proper person to perform the function to which that approval relates; a person may have performed a designated senior management function without approval under section 309G (see section 309U(3)); a person may be guilty of misconduct for the purposes of section 309Z2.

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Source: legislation.gov.uk · retrieved 2026-09-04